Monzo Business vs N26 Business: Complete Comparison (2026)
An in-depth comparison of Monzo Business and N26 Business to help you choose the right tool for your business.
Last updated: November 2026
Monzo Business
6.5/10
Monzo Business is an app-based UK business bank account for sole traders and limited companies. It includes invoicing, Tax Pots, expense cards and accounting software bank feeds.
N26 Business
5.2/10
A mobile-first euro business bank account from Berlin-based N26 for freelancers and sole traders in supported EU countries, with debit cards, cashback and budgeting Spaces.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 5.2/10 |
| Scalability | 3/10 | 2/10 |
| Analytics | 4/10 | 4/10 |
| Compliance | 7/10 | 5/10 |
| Integration | 6/10 | 3/10 |
| Security | 7/10 | 6/10 |
| Support | 6/10 | 4/10 |
| Cost | 8/10 | 8/10 |
| Customization | 4/10 | 3/10 |
| Ease of Use | 9/10 | 8/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | £9/mo Pro | €5/mo Business Smart |
| Estimated cost for 10 users | £25/mo Team | Free Business Standard |
| Features | ||
| Invoicing | ||
| Corporate Cards | ||
| Accountant Access | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Expense Management | Not listed | |
| Financial Reporting | Not listed | |
| General Ledger | Not listed | |
| Multi-currency | ||
| Online Payments | Not listed | |
| Payroll | Not listed | |
| Tax Compliance | Not listed | |
Monzo Business vs N26 Business cost by team size
| Team size | Monzo Business | N26 Business |
|---|---|---|
| 1 user | £9/moPro | FreeBusiness Standard |
| 5 users | £25/moTeam | FreeBusiness Standard |
| 10 users | £25/moTeam | FreeBusiness Standard |
| 25 users | FreeLite | FreeBusiness Standard |
| 50 users | FreeLite | FreeBusiness Standard |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose Monzo Business
- Higher Integration score (6/10 vs 3/10)
- Higher Compliance score (7/10 vs 5/10)
- Better fit for small business (8/10 vs 4/10)
- Includes Invoicing, which N26 Business lacks
Why choose N26 Business
Our data shows no clear advantage over Monzo Business.
Pros & Cons
Monzo Business
Pros
- The Lite plan is free and includes Making Tax Digital software
- Pro adds invoicing, Tax Pots and live feeds to Xero, QuickBooks, FreeAgent and Sage for £9 a month
- The Team plan adds expense cards, payment approvals and bulk payments for up to 15 users
- 24/7 in-app support on every plan
- Licensed UK bank with FSCS deposit protection
Cons
- Holds GBP only, and incoming foreign currency is converted at a 1% fee
- No general ledger or financial statements, so you still need separate accounting software
- Partnerships, LLPs, charities and non-UK businesses cannot open an account
- Cash deposits cost £1 each and are capped
- Reviews report frozen accounts and slow resolution, and there is no dedicated account manager
N26 Business
Pros
- The Standard plan has no monthly fee and includes a virtual card plus 0.1% cashback.
- Card payments in foreign currencies carry no surcharge on any plan.
- Spaces sub-accounts and budgeting rules help freelancers set aside money for tax.
- Metal pays 0.5% cashback and includes purchase and phone insurance.
Cons
- There is no invoicing, no native DATEV link, and no HBCI or EBICS support.
- The account holds euros only and has no foreign-currency transfers in the app.
- Companies such as GmbH or UG cannot open an account, and the company name cannot appear on the account or card.
- Basic-plan customers get no phone support, and Trustpilot users report account freezes and rejected applications.
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 5.2/10 for N26 Business. The largest gap is in Integration: 6/10 for Monzo Business and 3/10 for N26 Business.
Yes, both Monzo Business and N26 Business have a free plan.
Monzo Business is the better fit for small business: we rate it 8/10 for them, against 4/10 for N26 Business.
Monzo Business has Invoicing, which N26 Business lacks.
